Graves said that while the initial simulation utilized 128 cores on four "commodity" servers, the risk management proof-of-concept will scale economically to much higher performance and capacity. Focusing on the database architecture, he attributed its high throughput to the following:
•Database operations are parallelized, with each core running a separate instance of eXtremeDB Financial Edition and the risk management application, managing a separate data set •eXtremeDB Financial Edition works directly against "raw" volumes (partitions) in Kove storage, bypassing the slower OS file system •Each DBMS instance can write to multiple volumes, parallelizing I/O •eXtremeDB Financial Edition's columnar data handling and "pipelining" of vector-based statistical functions are an ideal fit for risk management's time series data, significantly reducing latency
Applying the Kove and McObject technologies, trading firms can have a continually updated view of their exposures every few minutes regardless of their data footprint, Fultech Managing Partner Paul Constantino said.
"These compelling results from our risk simulation are a promising first step to enabling and delivering complex intra-day and eventually real-time functionality previously not possible in the risk and analytics space. We also see great potential for use of these technologies across the trade lifecycle and plan to release new applications in the coming months. The successes our technology partners have demonstrated clearly pave the way for a new paradigm in performance, functionality, and scalability in the capital markets," Constantino said.
"We are pleased with this unprecedented high performance real-time risk solution record, another Kove first. This collaboration in deploying the Kove® XPD L2 memory disk for financial services is a continuation of our leadership in high performance storage, providing real-world solutions for those who want the competitive advantage of the absolute fastest storage available," stated John Overton, Kove CEO.
Founded in 2001, Fultech Consulting is a capital markets advisory services company specializing in the delivery of innovative, enterprise-level solutions to financial markets clients. Focusing on trading, derivatives, risk, compliance and prime brokerage, Fultech delivers customized solutions implementing the latest technologies to improve performance and scalability. Visit www.fultechconsulting.com.
Formed in 2004, Chicago-based Kove is a pioneering leader in high performance memory-disk SSD storage. Kove provides patented, performance-based storage solutions to address the most competitive I/O needs in the industry. Visit kove.com.
Founded by embedded database and real-time systems experts, McObject offers proven data management technology that makes capital markets technology faster, more reliable and more cost-effective to develop and maintain. McObject counts among its customers industry leaders such as TradeStation, NSE.IT, SunGard Kingstar, Transaction Network Services, Dalian Commodity Exchange, Financial Technologies of India Ltd. (FTIL), BAE Systems, Northrop Grumman, Siemens, Philips, EADS, Spirent Communications, F5 Networks, Motorola and Boeing. McObject, based in Issaquah, WA, is committed to providing innovative technology and first-rate services to customers and partners. The company can be reached at +1-425-888-8505, or visit http://financial.mcobject.com.
McObject and eXtremeDB are registered trademarks of McObject LLC. All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners.
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